Global Sulfur Market

In a landmark decision, both for environment and human health, January 1 2020 has been earmarked as the implementation date for a significant reduction in the sulfur content (0.50% mass/mass) of the fuel oil used in ships.

The Global sulfur market was valued at 62,825.04 kilo metric ton in 2017, and is estimated to reach a value of 73,461.7 kilo metric ton by 2022, at a CAGR of 3.18% during 2017-2020 (the forecast period).

Latest Developments

There is increased demand from the fertilizer manufacturing industry, as well as an increase in the sulfur extracted from petroleum in the oil & gas industries, mainly due to the higher consumption of low-sulfur light crude oil. These factors are fuelling the growth of factory automations and industrial controls. On the other hand, stringent environmental regulations with regard to emissions are hindering the growth of the market.

Market Insights

Chemical processing is expected to account for the largest market share in 2016. This is due to the fact that about 90% of the sulfur produced or extracted is used to make sulfur dioxide, which is then converted to sulfuric acid. Increase in the demand for food grains around the world and increase in the production of the commercial crops has increased sulfur consumption among fertilizers, which is why fertilizer is expected to be the fastest growing end-user segment during the forecast period. North America is ready to dominate the sulfur market throughout the forecast period; - a trend fuelled by the industry-friendly policies of the governments. Asia-Pacific is forecast to exhibit the highest growth rate, due to rapid increase in manufacturing facilities in the region.

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